Latest news with #Bullish
Yahoo
5 hours ago
- Business
- Yahoo
Cathie Wood Is Buying BLSH Stock After the Bullish IPO. Should You?
Bitcoin (BTCUSD) tore through $124,000 last week, topping its July highs, while Ethereum (ETHUSD) also inched toward its record. The cryptocurrency market, once dismissed as a risky gamble, is now viewed as a legitimate hedge in a world drowning in debt and shaky fiat. Plus, with Washington finally offering regulatory clarity, digital assets are emerging as a new pillar in the financial order, attracting institutional giants. When the financial world tilts, investors can bet Cathie Wood is nearby. The Ark Invest chief built her reputation by betting on disruptive innovations before the crowd caught on. Now, Wood is steering hard into crypto, having recently snapped up more than 2.5 million shares of Bullish (BLSH) valued north of $170 million, right out of its blockbuster initial public offering (IPO). More News from Barchart Trade the Warren Buffett Rally in UnitedHealth Stock With This High-Reward, Low-Risk Options Strategy Lyft Generates Huge FCF Margins - LYFT Stock Is Too Cheap Powell, Trump Talks and Other Can't Miss Items this Week Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Backed by Peter Thiel's Founders Fund, Bullish skyrocketed from $37 to $118 in its opening hours, echoing global financial tech company and stablecoin market leader Circle's (CRCL) white-hot market debut earlier this summer. But BLSH stock's fireworks didn't last forever — after that explosive debut, shares have already cooled off, sliding 45% from its highs. Sure, stalls and dips are common after the post-IPO sugar rush. But is this just a healthy reset, or a red flag for investors? About Bullish Stock Based in the Cayman Islands, Bullish is a crypto exchange reshaping digital finance. Launched with big-name backers, it blends trading power with media influence after scooping up CoinDesk in 2023. That move gave Bullish both the marketplace and the megaphone, positioning it as a force at the intersection of crypto assets and information. Bullish's Wall Street debut was pure spectacle. On Aug. 13, BLSH stock opened at around $90, already up 143% from $37. By midday, BLSH stock spiked to $118, a staggering 219% intraday jump. The frenzy helped Bullish raise $1.1 billion, sending its market capitalization soaring toward $10.2 billion. But the rush didn't last. By Aug. 15, BLSH stock closed at $69.54, down 6.8% on the day with over 9.1 million shares traded. Still, even with that pullback, BLSH remains up nearly 88% from its IPO price. The chart tells the story — an opening spike followed by steady cooling, typical of high-volatility debuts. Bullish may have stumbled from its peak, but it's still proving that investor hunger for crypto platforms is very real. Cathie Wood is more than just dipping a toe in. ARK Invest now holds over 2 million shares of Bullish after its fiery IPO debut, spreading the bet across three flagship exchange-traded funds (ETFs). As of Aug. 18, the ARK Innovation ETF (ARKK) holds nearly 1.18 million shares, the ARK Next Generation Internet ETF (ARKW) has 479,286 shares, and the ARK Fintech Innovation ETF (ARKF) rounds it out with 261,876 shares. This kind of distribution demonstrates Wood's confidence in Bullish's role at the intersection of crypto, fintech, and digital markets. By planting the stock in three different funds, she is signaling that this is not just a short-term gamble. Bullish's Digital Assets Sales Surges Bullish's books read like a reminder of how wild the crypto ride can be. In its U.S. Securities and Exchange Commission F-1 filing dated July 18, Bullish revealed that it went from reporting $104.8 million in net profit during the first quarter of 2024 to bleeding a $348.6 million net loss in Q1 2025. Still, it closed out fiscal 2024 with $79.6 million in net income — proof that when markets swing in its favor, it knows how to cash in. What really turns heads is its digital asset sales. From $72.9 billion in 2022 to a staggering $250.2 billion in 2024, Bullish has been scaling fast. The first quarter of 2025 alone delivered $80.2 billion in sales — almost flat compared to last year's $80.4 billion, but still massive. Meanwhile, as of March 31, its balance sheet showed $28.3 million in cash, $144 million in stablecoins, $1.73 billion worth of Bitcoin, $22 million in ETH, and $33 million spread across other cryptos. What Do Analysts Expect for Bullish Stock? Analyst chatter may be thin, but the tone is largely upbeat. Unlike retail-heavy exchanges, Bullish runs as an institutional-grade platform, focusing on Bitcoin and Ethereum trading. That makes it less exposed to mood swings and more in step with long-term demand from serious money. The company's backers speak volumes, too. While Peter Thiel and Cathie Wood are already on board, BlackRock (BLK) intends to scoop up $200 million worth of BLSH stock. That kind of early endorsement builds credibility, and shapes market confidence. Meanwhile, Nickel Digital Asset Management's Michael Hall believes Bullish's model could deliver steadier, recurring revenue compared to retail-driven rivals. In a market built on speculation and volatility, that kind of stability is a rare play. Final Thoughts on Bullish Stock Crypto keeps getting harder to ignore. With decentralized finance on the rise and regulators showing more clarity, digital assets are moving from the sidelines to the main stage. Bullish sets itself apart with a balance sheet stacked with BTC and stablecoins, while primarily catering to institutions over retail. That focus gives it a steadier footing as crypto adoption expands. Plus, Cathie Wood's decision to scoop up BLSH stock right after its IPO has turned plenty of heads. Wood is known for spotting winners early, and many investors trust her conviction. Still, buying before the lockup period ends is a risky move — early IPO investors often cash out fast. The question now is whether Bullish can hold its ground and justify that faith. On the date of publication, Sristi Suman Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 hours ago
- Business
- Yahoo
Cathie Wood Is Buying BLSH Stock After the Bullish IPO. Should You?
Bitcoin (BTCUSD) tore through $124,000 last week, topping its July highs, while Ethereum (ETHUSD) also inched toward its record. The cryptocurrency market, once dismissed as a risky gamble, is now viewed as a legitimate hedge in a world drowning in debt and shaky fiat. Plus, with Washington finally offering regulatory clarity, digital assets are emerging as a new pillar in the financial order, attracting institutional giants. When the financial world tilts, investors can bet Cathie Wood is nearby. The Ark Invest chief built her reputation by betting on disruptive innovations before the crowd caught on. Now, Wood is steering hard into crypto, having recently snapped up more than 2.5 million shares of Bullish (BLSH) valued north of $170 million, right out of its blockbuster initial public offering (IPO). More News from Barchart Trade the Warren Buffett Rally in UnitedHealth Stock With This High-Reward, Low-Risk Options Strategy Lyft Generates Huge FCF Margins - LYFT Stock Is Too Cheap Powell, Trump Talks and Other Can't Miss Items this Week Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Backed by Peter Thiel's Founders Fund, Bullish skyrocketed from $37 to $118 in its opening hours, echoing global financial tech company and stablecoin market leader Circle's (CRCL) white-hot market debut earlier this summer. But BLSH stock's fireworks didn't last forever — after that explosive debut, shares have already cooled off, sliding 45% from its highs. Sure, stalls and dips are common after the post-IPO sugar rush. But is this just a healthy reset, or a red flag for investors? About Bullish Stock Based in the Cayman Islands, Bullish is a crypto exchange reshaping digital finance. Launched with big-name backers, it blends trading power with media influence after scooping up CoinDesk in 2023. That move gave Bullish both the marketplace and the megaphone, positioning it as a force at the intersection of crypto assets and information. Bullish's Wall Street debut was pure spectacle. On Aug. 13, BLSH stock opened at around $90, already up 143% from $37. By midday, BLSH stock spiked to $118, a staggering 219% intraday jump. The frenzy helped Bullish raise $1.1 billion, sending its market capitalization soaring toward $10.2 billion. But the rush didn't last. By Aug. 15, BLSH stock closed at $69.54, down 6.8% on the day with over 9.1 million shares traded. Still, even with that pullback, BLSH remains up nearly 88% from its IPO price. The chart tells the story — an opening spike followed by steady cooling, typical of high-volatility debuts. Bullish may have stumbled from its peak, but it's still proving that investor hunger for crypto platforms is very real. Cathie Wood is more than just dipping a toe in. ARK Invest now holds over 2 million shares of Bullish after its fiery IPO debut, spreading the bet across three flagship exchange-traded funds (ETFs). As of Aug. 18, the ARK Innovation ETF (ARKK) holds nearly 1.18 million shares, the ARK Next Generation Internet ETF (ARKW) has 479,286 shares, and the ARK Fintech Innovation ETF (ARKF) rounds it out with 261,876 shares. This kind of distribution demonstrates Wood's confidence in Bullish's role at the intersection of crypto, fintech, and digital markets. By planting the stock in three different funds, she is signaling that this is not just a short-term gamble. Bullish's Digital Assets Sales Surges Bullish's books read like a reminder of how wild the crypto ride can be. In its U.S. Securities and Exchange Commission F-1 filing dated July 18, Bullish revealed that it went from reporting $104.8 million in net profit during the first quarter of 2024 to bleeding a $348.6 million net loss in Q1 2025. Still, it closed out fiscal 2024 with $79.6 million in net income — proof that when markets swing in its favor, it knows how to cash in. What really turns heads is its digital asset sales. From $72.9 billion in 2022 to a staggering $250.2 billion in 2024, Bullish has been scaling fast. The first quarter of 2025 alone delivered $80.2 billion in sales — almost flat compared to last year's $80.4 billion, but still massive. Meanwhile, as of March 31, its balance sheet showed $28.3 million in cash, $144 million in stablecoins, $1.73 billion worth of Bitcoin, $22 million in ETH, and $33 million spread across other cryptos. What Do Analysts Expect for Bullish Stock? Analyst chatter may be thin, but the tone is largely upbeat. Unlike retail-heavy exchanges, Bullish runs as an institutional-grade platform, focusing on Bitcoin and Ethereum trading. That makes it less exposed to mood swings and more in step with long-term demand from serious money. The company's backers speak volumes, too. While Peter Thiel and Cathie Wood are already on board, BlackRock (BLK) intends to scoop up $200 million worth of BLSH stock. That kind of early endorsement builds credibility, and shapes market confidence. Meanwhile, Nickel Digital Asset Management's Michael Hall believes Bullish's model could deliver steadier, recurring revenue compared to retail-driven rivals. In a market built on speculation and volatility, that kind of stability is a rare play. Final Thoughts on Bullish Stock Crypto keeps getting harder to ignore. With decentralized finance on the rise and regulators showing more clarity, digital assets are moving from the sidelines to the main stage. Bullish sets itself apart with a balance sheet stacked with BTC and stablecoins, while primarily catering to institutions over retail. That focus gives it a steadier footing as crypto adoption expands. Plus, Cathie Wood's decision to scoop up BLSH stock right after its IPO has turned plenty of heads. Wood is known for spotting winners early, and many investors trust her conviction. Still, buying before the lockup period ends is a risky move — early IPO investors often cash out fast. The question now is whether Bullish can hold its ground and justify that faith. On the date of publication, Sristi Suman Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 hours ago
- Business
- Yahoo
Another crypto exchange files for IPO
Another crypto exchange files for IPO originally appeared on TheStreet. Gemini Trust, the crypto exchange founded by billionaire twins Tyler and Cameron Winklevoss, has filed for a U.S. initial public offering, positioning itself to become the third publicly traded digital-asset exchange after Coinbase and Bullish. The filing, published late Aug. 15, revealed that Gemini's revenue fell in the first half of 2025 while its net losses widened, underscoring both the challenges and opportunities of going public in a still-volatile industry. According to the filing, Gemini reported a net loss of $282.5 million on revenue of $68.6 million for the six months ending June 30. That compared to a $41.4 million loss on $74.3 million in revenue a year earlier. The exchange, which supports more than 70 cryptocurrencies and operates across 60 countries, plans to list its shares on Nasdaq under the ticker GEMI, with Goldman Sachs and Citigroup leading the offering. Proceeds will go toward general corporate purposes and repaying third-party debt. The move comes just days after Bullish, another crypto exchange, staged a blockbuster IPO on the New York Stock Exchange. Shares of Bullish (BLSH) more than tripled in their debut, echoing the summer's earlier frenzy around Circle Internet Group, the issuer of the USDC stablecoin. Circle's June listing saw its stock spike nearly tenfold in the first days of trading, before pulling back. Both listings have stoked investor enthusiasm for crypto equities, though analysts caution against chasing the IPO 'pop.' Colorful career For the Winklevoss twins, Gemini's IPO is the latest chapter in a colorful career. The brothers first gained public notoriety after suing Facebook and its founder Mark Zuckerberg, claiming he stole their idea for a social networking site. They settled in 2008 for $65 million in cash and stock, later using part of those proceeds to seed Gemini, which launched in 2014. Gemini also issues the Gemini Dollar (GUSD), a dollar-pegged stablecoin, and its focus on regulated custody and compliance has been a core selling point in an industry often criticized for opacity. The filing comes on the heels of the GENIUS Act, a new U.S. law establishing a federal framework for stablecoins — a development expected to boost confidence in regulated players like Gemini. Crypto's IPO pipeline has been growing under the Trump administration, which has rolled back some regulatory hurdles and courted the industry with pro-innovation rhetoric. Institutional adoption has also gained momentum, with large banks expanding custody and ETF offerings. In a symbolic milestone, Coinbase earlier this year became the first blockchain-focused firm to join the S&P 500. Another crypto exchange files for IPO first appeared on TheStreet on Aug 18, 2025 This story was originally reported by TheStreet on Aug 18, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
9 hours ago
- Business
- Economic Times
3 upcoming crypto IPOs to watch after Circle and Bullish's Wall Street-rocking debuts — Grayscale, Gemini, BitGo gear up for listings
Synopsis Crypto IPOs are making waves after Circle and Bullish's Wall Street debuts rocked the market. Investors are flocking to companies that sell access to the crypto boom rather than the assets themselves. Circle (CRCL) surged over 400% since its IPO, while Bullish (BLSH) nearly doubled, showing strong investor appetite. Following their success, Grayscale, Gemini, and BitGo are now preparing their IPOs, offering opportunities for early investors. Crypto IPOs are capturing Wall Street's attention like never before. After Circle and Bullish's market-shaking debuts, investors are rushing to get a piece of companies that provide access to the booming crypto industry. Now, Grayscale, Gemini, and BitGo are preparing to hit Wall Street, creating new opportunities for early investors. Three upcoming crypto IPOs investors should keep an eye on after Circle and Bullish's Wall Street debuts rock the market- Love it or hate it, crypto continues to generate extraordinary amounts of money. Whether you see it as a transformative technology or a speculative bubble, the profits are undeniable. And while Bitcoin and Ethereum grab the headlines with record highs, some of the real winners are the companies selling access to this digital gold rush. There's an old saying: the ones who made the most money during the gold rush were the people selling pickaxes. In today's crypto boom, that role has been played by platforms like Robinhood (HOOD) and Coinbase (COIN). Both struggled after their splashy 2021 IPOs, but with speculative trading roaring back, their stocks have gone vertical—Robinhood is up 475% in the past year, while Coinbase has climbed 62%. ALSO READ: Bitcoin crashes to $115,000 after record high as $500 million liquidation shock hits crypto The excitement has only intensified with Circle and Bullish's Wall Street debuts rocking the market. Circle Technology (CRCL), creator of the USDC stablecoin, has soared more than 400% since its IPO. Bullish (BLSH), a crypto exchange and media group that went public just last week, has nearly doubled in value. These performances have proved that demand for crypto IPOs is alive and well—and that investors are eager to ride the wave. Without Grayscale, the crypto ETF market might still be years away. The company pioneered mainstream crypto exposure with its Grayscale Bitcoin Trust and Ethereum Trust, long before traditional asset managers entered the space. Today, it manages over $33 billion in digital assets across dozens of products. In July, reports confirmed that Grayscale had confidentially filed for an IPO—a move that would allow it to turn its steady stream of management fees into a public-market success story. The Winklevoss twins may not have won their battle with Mark Zuckerberg, but they've built their own crypto empire with Gemini. The exchange has become one of the more established centralized platforms in the U.S., and with crypto markets running hot again, the timing couldn't be better for a public listing. The firm reportedly filed confidentially for an IPO earlier this year, and if valuations mirror its last fundraising round in November 2021, Gemini could be aiming for around $7.1 billion. Behind the scenes, BitGo has become one of the largest names in crypto custody, safeguarding more than $100 billion in digital assets. It caters to exchanges, asset managers, and institutions with a suite of services—everything from simple storage to staking, trading, and lending. With assets nearly doubling over the past year, the company looks well-positioned for prime time. While BitGo's last known valuation was $1.75 billion in August 2023, its confidential IPO filing suggests it's preparing for a much larger stage. No IPO is a sure thing, especially when both U.S. stock indexes and crypto markets are sitting at record levels. Short-term traders may see opportunity in the hype-driven pops that often follow high-profile listings. Platforms like Robinhood and SoFi even give retail investors the chance to request shares at IPO prices. For long-term holders, however, the real test will come when financial details are made public. Many of these filings remain confidential, and investors will need to scrutinize revenue, profitability, and growth before deciding if these companies are more than just momentum plays. If you're a crypto believer, buying into these IPOs could be a bet on the industry's next phase. But as history has shown, the sector is volatile—and fortunes can shift quickly. Q1: What makes Circle IPO successful, Bullish IPO surge? Circle and Bullish's IPOs soared due to strong demand for crypto market access. Q2: Which crypto firms are filing IPOs next? Grayscale, Gemini, and BitGo are preparing Wall Street IPOs after Circle and Bullish.
Time of India
10 hours ago
- Business
- Time of India
3 upcoming crypto IPOs to watch after Circle and Bullish's Wall Street-rocking debuts — Grayscale, Gemini, BitGo gear up for listings
Three upcoming crypto IPOs investors should keep an eye on after Circle and Bullish's Wall Street debuts rock the market- Love it or hate it, crypto continues to generate extraordinary amounts of money. Whether you see it as a transformative technology or a speculative bubble, the profits are undeniable. And while Bitcoin and Ethereum grab the headlines with record highs, some of the real winners are the companies selling access to this digital gold rush. There's an old saying: the ones who made the most money during the gold rush were the people selling pickaxes. In today's crypto boom, that role has been played by platforms like Robinhood (HOOD) and Coinbase (COIN). Both struggled after their splashy 2021 IPOs, but with speculative trading roaring back, their stocks have gone vertical—Robinhood is up 475% in the past year, while Coinbase has climbed 62%. ALSO READ: Bitcoin crashes to $115,000 after record high as $500 million liquidation shock hits crypto The excitement has only intensified with Circle and Bullish's Wall Street debuts rocking the market. Circle Technology (CRCL), creator of the USDC stablecoin, has soared more than 400% since its IPO. Bullish (BLSH), a crypto exchange and media group that went public just last week, has nearly doubled in value. Live Events These performances have proved that demand for crypto IPOs is alive and well—and that investors are eager to ride the wave. Grayscale Without Grayscale, the crypto ETF market might still be years away. The company pioneered mainstream crypto exposure with its Grayscale Bitcoin Trust and Ethereum Trust, long before traditional asset managers entered the space. Today, it manages over $33 billion in digital assets across dozens of products. In July, reports confirmed that Grayscale had confidentially filed for an IPO—a move that would allow it to turn its steady stream of management fees into a public-market success story. Gemini The Winklevoss twins may not have won their battle with Mark Zuckerberg, but they've built their own crypto empire with Gemini. The exchange has become one of the more established centralized platforms in the U.S., and with crypto markets running hot again, the timing couldn't be better for a public listing. The firm reportedly filed confidentially for an IPO earlier this year, and if valuations mirror its last fundraising round in November 2021, Gemini could be aiming for around $7.1 billion. BitGo Behind the scenes, BitGo has become one of the largest names in crypto custody, safeguarding more than $100 billion in digital assets. It caters to exchanges, asset managers, and institutions with a suite of services—everything from simple storage to staking, trading, and lending. With assets nearly doubling over the past year, the company looks well-positioned for prime time. While BitGo's last known valuation was $1.75 billion in August 2023, its confidential IPO filing suggests it's preparing for a much larger stage. Are crypto IPOs worth the gamble? No IPO is a sure thing, especially when both U.S. stock indexes and crypto markets are sitting at record levels. Short-term traders may see opportunity in the hype-driven pops that often follow high-profile listings. Platforms like Robinhood and SoFi even give retail investors the chance to request shares at IPO prices. For long-term holders, however, the real test will come when financial details are made public. Many of these filings remain confidential, and investors will need to scrutinize revenue, profitability, and growth before deciding if these companies are more than just momentum plays. If you're a crypto believer, buying into these IPOs could be a bet on the industry's next phase. But as history has shown, the sector is volatile—and fortunes can shift quickly. FAQs: Q1: What makes Circle IPO successful, Bullish IPO surge? Circle and Bullish's IPOs soared due to strong demand for crypto market access. Q2: Which crypto firms are filing IPOs next? Grayscale, Gemini, and BitGo are preparing Wall Street IPOs after Circle and Bullish.
